2x bank accounts. Should I close one?

[dellatjie]

I am a HUGE fan of Capitec. Not only are their banking charges ridiculously low, but you earn interest on a current account ie your everyday transactional account! Interest that most 32 day accounts will never give you. At the moment I am paying R4 account per month, I earn 5% interest on my balance, calculated daily, compounded monthly.

I remember about 2 years ago our boss paid our salaries in 1 day too late. It cost me R4 per debit order sent back, but my colleagues at FNB paid up to R120 EACH!!

Futhermore, you don't pay when swiping your card at a card machine. Oh, and your minimum required balance: R25 only!

As far as internet banking is concerned - you pay R120 (plus minus) for the remote to log in, and from there on only transfer fees of R1.50 per transaction. No monthly subscription or anything like that.

I moved over from ABSA where I earned 0% interest on a savings account (previously 0.20%, yippee), paid up to R200 per month in banking charges, and had to pay internet subscription!

I really think that for your personal usage, Capitec is the best way to go. Try it out as a savings account at first, you will agree with me in time!

[Perform Computers]

Capitec doesn't offer cheque accounts.

So I walk into FNB, enquire about the R59 p/m Business Cheque Account and BAM. Switched over. Stupid FNB lady a few months back told me no there's only one option that's R179 p/m odd.

Idiot.

[Blurock]

Capitec doesn't offer cheque accounts.

So I walk into FNB, enquire about the R59 p/m Business Cheque Account and BAM. Switched over. Stupid FNB lady a few months back told me no there's only one option that's R179 p/m odd.

Idiot.

One should realise that most employees on lower levels act like robots. Banks Post Office, shops etc. They don't think, they don't apply their minds and they are not interested in their jobs, just the pay cheque at the end of the month. If you want information, visit the web site, read the brochures and then talk to a more senior person.